YANGON, Jan. 19 (Xinhua) -- Myanmar's Agriculture and Rural Development Loan Project has disbursed over 247 billion kyats (about 117.61 million U.S. dollars) in financial assistance as of 2024, benefiting 5,816 farmers, the state-run Myanmar Radio and Television reported on Sunday.
The report said that the project not only benefits farmers but also strengthens the country's agricultural sector.
The project, launched in July 2017, offers low-interest loans to support farmers in purchasing essential agricultural machinery, the report said.
The repayment scheme includes three-year short-term and five-year long-term installment options, it added. Enditem
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